YOUTUBE VIDEO: Independent Contractor VS Employee (A Must-Watch for Business Owners!)

YOUTUBE VIDEO: Independent Contractor VS Employee (A Must-Watch for Business Owners!)

In this video, I detail the differences between hiring an Independent Contractor Vs an Employee, and why this distinction is important to stay in compliance with state and federal requirements. This is a must-watch for any business owner!

As an employer, you must determine which tax classification you use to categorize each new hire. Sometimes the distinction is easy, but often it's challenging to make the right call.

By the end of the video, you'll have criteria to define an independent contractor (a.k.a “freelancer” or “1099er”) in contrast to an employee or “temp employee.”

I also briefly cover the W-2 vs W-4 vs W-9 vs 1099 forms.

For a more thorough look at the tax forms W2, W4, W9 and 1099, check out this episode: https://www.youtube.com/watch?v=RnQlwL5mKsQ

Joe DiSanto is the founder of Play Louder! He has built multi-million dollar businesses, produced critically acclaimed documentaries and an Emmy-winning TV show, invested millions in real estate, and semi-retired at age 43. Now, Joe serves as a Fractional CFO for several creative firms and is sharing a lifetime of fiscal know-how via Play Louder, an invaluable resource that helps individuals and business owners increase their net worth and plan better for their future.